International Assets Investment Management LLC Grows Stock Position in The AES Corporation (NYSE:AES)

International Assets Investment Management LLC grew its position in shares of The AES Corporation (NYSE:AES) by 137.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,068 shares of the utilities provider’s stock after purchasing an additional 34,178 shares during the period. International Assets Investment Management LLC’s holdings in AES were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after buying an additional 1,581 shares during the period. Optiver Holding B.V. grew its stake in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,201 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of AES during the first quarter worth about $35,000. WR Wealth Planners LLC lifted its stake in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,369 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,169 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Up 0.4%

NYSE:AES opened at $10.51 on Thursday. The firm has a market capitalization of $7.48 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.96. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 3.42. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $11.36.

AES (NYSE:AES) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. AES’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Analysts predict that The AES Corporation will post 1.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen lowered AES from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. HSBC cut their price target on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Citigroup decreased their price objective on shares of AES from $23.00 to $14.00 and set a “buy” rating for the company in a report on Friday, May 9th. Argus reissued a “hold” rating on shares of AES in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AES currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.